People’s Bank presents gifts to grade one students
Tuesday, 14 January 2014 00:01
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The habit of saving from a young age will not only bring many financial benefits in the future, but will also ensure a successful life. Therefore, the person saving the money and society as a whole will have a very positive outlook on life. Saving can also ensure future financial security and way to plan ahead successfully.
People’s Bank with the hope of inculcating the habit of saving in children on the very first day that they commence their school life have introduced a special program titled “First Day First Lesson”. Accordingly, every new account opened for a child entering Grade One or deposits made to existing People’s Bank Isuru Udana or Sisu Udana accounts before 30 June 2014 will receive an additional deposit equal to the amount deposited up to a maximum of Rs. 500. For example a deposit of Rs. 100 in the child’s account will warrant a Rs. 100 additional deposit from the bank.
The People’s Bank Sisu Udana account not only provides attractive interest rates but also presents children with exciting gifts and other offers as their savings grow. Moreover, People’s Bank also takes measures to award account holding students who perform exceptionally at the Grade Five Scholarship exam, GCE O/L and A/L examinations with special scholarships.
Another key benefit of the Sisu Udana account is the ability to withdraw funds from the account at emergency situations such as for higher education and hospitalization. It is not required that the account holder be 18 years of age in such instances unlike other minor’s savings accounts.
Parents who constantly strive to ensure a better future for their children have the ability of opening up a Sisu Udana account at any of the 730 plus People’s Bank branches and service points island wide. Further more parents can make deposits at the People’s Bank Sisu Udana Units that are placed within the school premises. People’s Mobile Banking and Internet Banking can also be used to make deposits to the Sisu Udana accounts from the comfort of your home.
Upon the account holder reaching the age of 18, a Sisu Udana account is automatically upgraded to a People’s Bank Yes account. Yes accounts also provide a high interest rate, and loans schemes to ensure the personal and professional growth of the young account holders.
A good child is a treasure for the entire nation. It is a parent’s responsibility to nurture such a child. A child who reaches the correct age and maturity level is then handed over to a school to build him up to be an intelligent and humble human being. People’s Bank invites parents to take steps to ensure that their children are taught the habit of saving and build a financially sound future for them in the New Year.
